Jindal Drilling clarifies on news item
With reference to the news item appearing in a leading web-portal titled “Jindal Drilling may list Singapore SPVs Discovery & Virtue Drilling; to form a holding co, will bring both SPVs under it”, Jindal Drilling & Industries Ltd has clarified to BSE that some of the investment bankers inquired about the delivery of rigs in the Company’s Singapore JVs and future fund raising plans in these Companies. In reply it was informed that the said Rigs are expected to be delivered during the 3rd and 4th quarter of this financial year. To unlock the value, the Singapore JVs may explore the opportunities in future for raising funds and listing of their securities in Singapore.
Tags: Jindal Drilling